For the Quarter Ending March 2025
North America
In the first quarter of 2025, the U.S. Methyl Amine market experienced a moderate increase in prices, reflecting the continued supply-demand imbalance driven by logistical challenges and operational constraints. While demand across key sectors such as agrochemicals and pharmaceuticals remained steady, supply tightness was exacerbated by persistent port congestion, which led to delays and higher transportation costs. These disruptions, coupled with inflationary pressures on shipping expenses, provided suppliers with an opportunity to raise prices, capitalizing on the reduced import volumes.
Demand dynamics remained consistent, with agrochemical and pharmaceutical sectors showing resilience, though concerns about trade policies and tariff uncertainties lingered. In the agrochemical sector, moderate growth in crop protection demand was offset by forecasted declines in farm receipts, putting a strain on production. Similarly, in the pharmaceutical sector, regulatory changes and proposed tariffs dampened business confidence, leading to a reduction in procurement activities for Methyl Amine. Despite this, manufacturing continued at a steady pace, supported by adequate inventories and efficient port operations, helping to stabilize supply levels.
The balance of supply and demand, alongside strategic adjustments by suppliers and end-users, contributed to the overall market stability, despite facing challenges from external economic and logistical factors.
APAC
In the first quarter of 2025, Methyl Amine prices in China saw a moderate increase, reflecting a 3.15% rise compared to the previous quarter. This uptick was primarily driven by tighter supply conditions, particularly due to constraints in ammonia availability, despite the sufficient supply of methanol. The post-Lunar New Year period saw disruptions, including port congestion, further complicating logistics and straining global supply chains. Additionally, overseas bulk inventory purchases, influenced by U.S. tariff concerns, added upward pressure on prices. On the demand side, the Agrochemical and Pharmaceutical sectors remained key drivers of consumption. The agrochemical sector showed stable demand for fungicides and herbicides, with activity focused on preparations for the spring crop season. In the pharmaceutical sector, export growth persisted, though geopolitical challenges, such as the imposition of tariffs on Chinese products, created some hurdles. The supply side remained adequately supported by improved feedstock availability and stable manufacturing operations. Logistics conditions also showed signs of improvement, with port congestion easing and inventory management strategies helping to prevent oversupply. Overall, despite some logistical and geopolitical challenges, market dynamics supported a steady rise in Methyl Amine prices during the quarter.
Europe
Methyl Amine prices in the European market registered a quarterly decline of 10.12%, shaped by a mix of supply chain normalization, cost-side relief, and weakening demand. In January, prices adjusted downward following softening in feedstock values, particularly Ammonia and Methanol, while steady domestic demand from the Pharma and Agrochemical sectors supported price stability. Despite logistical disruptions across major European ports, supply remained resilient as production activities normalized. February saw continued supply chain headwinds, including strikes and port congestion, yet inventory levels stayed adequate due to uninterrupted feedstock availability. While domestic consumption remained moderate, export activity softened amid heightened geopolitical uncertainty and firms resorted to stockpiling in response to tariff concerns. Business sentiment began to waver, especially as input costs rose and inflationary pressures mounted. By March, bearish feedstock sentiment deepened following contract settlements at lower Ammonia prices, enabling producers to ease export offers. Meanwhile, demand from the pharmaceutical sector turned cautious due to newly imposed U.S. tariffs, curbing buying interest. Currency fluctuations further pushed suppliers to reduce international selling prices to stay competitive. Despite ongoing port delays, the market remained well-supplied, and subdued demand ultimately drove the Q1 price correction across the European Methyl Amine market.
For the Quarter Ending December 2024
North America
In Q4 2024, the Methylamine market in the USA experienced an increase in prices from the previous quarter. This uptick in pricing was driven by a combination of factors, including steady demand from key sectors such as pharmaceuticals and agrochemicals, as well as increased feedstock costs, particularly for methanol, which saw a 7.4% rise in December. Although ammonia prices remained stable, logistical challenges, such as longer supplier delivery times and transportation delays, added pressure to supply chains, contributing to higher production costs.
Despite these supply-side pressures, demand remained moderate, with the pharmaceutical sector showing continued growth and demand for agrochemicals holding steady. However, subdued export orders and a cautious business outlook in December tempered overall market sentiment. Manufacturing activities faced challenges, including production cuts, as US factories navigated through weakening global demand.
The price increase can be attributed to the balancing act between supply chain disruptions and moderate demand growth. Supplier actions, including careful adjustments to production schedules, helped stabilize the market, while the steady availability of raw materials ensured continued production. Despite the positive price trend, the outlook remains cautious, with rising input costs and inflation continuing to weigh on market sentiment.
APAC
The Indian Methylamine market exhibited a marginal 0.42% quarterly increase in pricing, reflecting a delicate balance between supply and demand dynamics. While feedstock Methanol prices rose significantly by 15% in December, the impact was partially offset by stable Ammonia availability, ensuring consistent production. Manufacturers maintained steady domestic output despite minor disruptions at Alkyl Amines’ Kurkumbh plant, which were efficiently managed to minimize supply chain interruptions. On the demand front, the Agrochemical sector witnessed mixed performance. Favorable monsoon conditions supported domestic demand; however, pricing pressures from the Chinese market and delayed rains in some regions curbed growth. Meanwhile, the Pharma sector outperformed expectations, driven by volume growth and robust export demand, providing a stable consumption base for Methylamine. Additionally, the Personal Care sector benefitted from seasonal spikes, including Black Friday sales and wedding season demand, bolstering consumption further despite cost pressures from rising palm oil prices. Export activity remained subdued, influenced by cautious global sentiment and pricing challenges. However, consistent logistics and smooth port operations supported overall market equilibrium. With improving sectoral performances, the Methylamine market displayed resilience, backed by efficient supply management and strong domestic manufacturing, contributing to its steady growth trajectory during the quarter.
Europe
The Methylamine market in Germany exhibited a stable-to-positive trajectory over the last quarter, driven by balanced supply and demand dynamics. Despite fluctuations in feedstock markets, with Methanol prices rising steadily and Ammonia showing moderate variability, the market-maintained resilience. Adequate inventory levels, effective supplier actions, and stable production schedules supported consistent supply, ensuring minimal disruptions even amid logistical challenges during the holiday season. Demand dynamics revealed a mixed picture across key sectors. The agrochemical sector displayed moderate activity, impacted by seasonality and broader economic pressures, while the pharmaceutical sector provided steady support. In personal care, festive shopping and increased foot traffic during Black Friday gave a late boost, although rising input costs, including palm oil, posed challenges. Germany’s manufacturing sector faced ongoing economic headwinds, with weakened demand for intermediate goods and slower productivity growth reflecting broader market constraints. However, these challenges were partially mitigated by strategic supply chain adjustments and cautious optimism in the European market. Overall, the Methylamine market's moderate growth reflects its ability to adapt to sector-specific challenges while leveraging steady supply and consumption patterns, contributing to a stable market environment for the quarter.
For the Quarter Ending September 2024
North America
In Q3 2024, the North American Methyl Amine market witnessed a significant decrease in prices, driven by a multitude of factors shaping the pricing environment. The 2.38% fall compared to the same quarter last year can be attributed to a combination of supply-demand dynamics, feedstock cost fluctuations, and sectoral performances. Market stability was influenced by effective inventory management, proactive supplier actions, and strong demand from key sectors like Pharmaceuticals, Rubber, and Personal Care.
This balanced approach helped mitigate the impact of an increase in ammonia prices due to external factors like Hurricane Francine disrupting natural gas supply. Within the USA, which experienced the most price changes, the quarter displayed a notable overall trend of price escalation. A slight dip of -1.26% was noted from the previous quarter.
Meanwhile, Methanol marked a notable increase of 8.10% While Ammonia marked 1.0% decrease from the quarter ago. The stability and resilience of the market amidst varying influences underline a positive pricing trend for Methyl Amine in the region.
APAC
In Q3 2024, the Methyl Amine pricing in the APAC region experienced a significant decrease, influenced by several key factors. One of the primary reasons for the declining market prices was the surplus supply of Methyl Amine, leading to reduced demand and subsequent price adjustments. Additionally, the ongoing decrease in feedstock costs, particularly Ammonia and Methanol, which marked a 6.53% and 3.97% decrease from the previous quarter, played a crucial role in driving the overall price trend downwards.
The market also witnessed muted demand from various sectors, further contributing to the negative pricing environment. Within China, the market saw the most notable price changes, reflecting an overall trend of decreasing prices.
The quarter recorded a significant -10.27% decrease from the same period last year, indicating a sustained downward trajectory. Moreover, the quarter-on-quarter change of -0.62% highlighted the ongoing price decline. The quarter-ending price of USD 650/MT of Methyl Amine Ex-Qingdao in China further emphasized the prevailing downward pricing trend in the region.
Europe
In Q3 2024, Methyl Amine prices in the European market remained stable, driven by several key factors. Despite a rise in feedstock costs—particularly a 10.14% increase in Methanol and a 14.4% rise in Ammonia from the previous quarter—Methyl Amine's pricing dynamics stayed mostly unchanged. Reduced demand from downstream sectors like agrochemicals and pharmaceuticals put pressure on Methyl Amine consumption, which contributed to this stability. The lower demand helped offset the effects of rising feedstock costs, ensuring that prices didn’t experience significant fluctuations.
Additionally, the European market faced a subdued performance due to weaker overseas markets, which impacted the consumption of various commodities, further reinforcing the stable pricing trend throughout the quarter. While the market saw challenges, the overall price stability reflected a steady and resilient market response to fluctuating conditions.
Compared to the same period last year, Methyl Amine prices showed sustained growth. By the end of Q3 2024, the European market continued to balance supply and demand effectively, maintaining a stable price environment.
For the Quarter Ending June 2024
North America
Methyl Amine prices in the North American market exhibited a consistent downward trend throughout Q2 2024, driven by a confluence of factors. The quarter was marked by reduced demand from key sectors, notably agrochemicals, combined with fluctuating feedstock costs particularly Ammonia and Methanol.
The notable decrease in ammonia prices, a primary feedstock, exerted downward pressure on production costs, while rising methanol prices failed to counterbalance the overall market sentiment. The agricultural sector's sluggish recovery post-peak planting season further compounded the reduction in demand, while the pharmaceutical and personal care sectors displayed only moderate consumption levels.
In the USA, where the price changes were most pronounced, overall trends reflected a bearish market sentiment. Adequate inventories availabilities coupled with the no major rise in the demand has cumulatively played a key role in influencing the Methyl Amine price in the US market. The overall sentiment in Q2 2024 was negative, reflective of the sectoral shifts and economic pressures impacting the Methyl Amine market.
APAC
In Q2 2024, the Methyl Amine market in the APAC region demonstrated an overall positive pricing environment. This quarter has been marked by a consistent increase in prices, driven by several key factors. Supply constraints due to production disruptions in major manufacturing zones significantly constrained availability. Additionally, rising demand from various industrial sectors, including pharmaceuticals, agrochemicals, and manufacturing, further bolstered prices. A notable trend was the increased inventory accumulation by suppliers, reflecting strategic inventory management to navigate production constraints and meet both domestic and international demand effectively. China experienced the most significant price changes in the region, reflecting broader market dynamics. The Chinese market saw an overall upward trend in prices, influenced by limited feedstock supplies and a robust recovery in demand from downstream markets. From the same quarter last year, prices increased by 15.1%, showcasing a positive growth trajectory despite a slight 0.5% up from the previous quarter of 2024. The first and second halves of the quarter revealed an 8% price comparison, indicating a substantial uptick in the latter half. The latest quarter-ending price of Methyl Amine FOB-Qingdao in China stood at USD 748/MT, underscoring the quarter's increasing trend.
Europe
The second quarter of 2024 has been challenging for the Methyl Amine market in Europe, marked by a consistent decline in prices. Several factors have contributed to this downward trend. Primarily, the market has grappled with subdued demand from critical downstream sectors such as agrochemicals and pharmaceuticals. Despite a rise in the prices of feedstock methanol, the overall demand for Methyl Amine did not pick up, leading to a surplus in supply. Additionally, economic uncertainties and adverse weather conditions have exacerbated the situation, impacting agricultural operations and consequently reducing the demand for agrochemical products. The macroeconomic environment, characterized by lower purchasing activity and an inclination towards destocking by market participants, has also played a significant role in shaping the pricing dynamics. Focusing on Germany, which has experienced the most pronounced price fluctuations, the Methyl Amine market has seen a notable decline. The overall trend has been bearish, influenced heavily by an imbalance in the supply-demand ratio. The correlation in price changes highlights a persistent negative sentiment, evidenced by a -11.3% change from the same quarter last year and a -0.5% shift from the previous quarter in 2024.
